The Bank of England’s surprise rate rise
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 17 December 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/5355f6b9-ad94-401e-bedd-557a9e75b15f
Residents of America’s biggest cities are struggling to book vaccine appointments because of the rising wave of the Omicron coronavirus variant, and TPG is joining the wave of private equity groups that are going public. Plus, the FT’s markets editor, Katie Martin, explains why investors were so taken aback by the Bank of England’s rate rise yesterday.
Americans rush for vaccine boosters ahead of Omicron wave - Kiran Stacey
https://www.ft.com/content/ed003f92-98fc-41e5-9884-565ddfe05196
France to block entry to UK tourists as Omicron surges
https://www.ft.com/content/9e84e155-2963-4d29-8331-cace0d022fa5
TPG joins wave of private equity groups going public
https://www.ft.com/content/8fd93e65-9cc5-4156-9489-214b7a8c44d2
Bank of England raises key interest rate to 0.25% - with Katie Martin
https://www.ft.com/content/eb35ea37-fb8b-43a7-9d30-d985c58e62d7
Uefa picks US bank to lead €7bn football financing package
https://www.ft.com/content/25a79b68-ba14-466a-bffd-fcda2a1103a7
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Friday, December 17th, and this is your FT news briefing. |
| 0:08.6 | Coronavirus cases are surging as the holidays approach, but many Americans can't find booster shots. |
| 0:15.0 | And one of the largest private equity groups in the US is finally going public. |
| 0:20.0 | Plus the Bank of England surprised pretty much everyone yesterday when it raised interest rates. |
| 0:25.2 | And I think it just tells us that if you think you know what the Bank of England is going to do next, |
| 0:29.2 | you're probably wrong. |
| 0:31.1 | The FT's Kitty Martin breaks down a wild week and central bank land. |
| 0:35.5 | Mark Filipino, and here's the news you need to start your day. |
| 0:42.6 | Travel bands post-pone sports matches and surging COVID cases are all happening again. |
| 0:48.8 | This time because of the Omicron variant of coronavirus. |
| 0:52.3 | Yesterday, Fran said it'll ban UK tourists from coming over in an attempt to stop the spread |
| 0:57.9 | and sports. The Premier League said it'll postpone several soccer matches this weekend. |
| 1:02.3 | And in the US, the NBA upped their COVID protocols for basketball players who aren't boostered. |
| 1:08.0 | The Biden administration is urging Americans to get the booster shot. |
| 1:11.8 | The FT's Kieran Stacey says easier said than done. |
| 1:16.0 | The problem is that that message is really tailored to people who might be thinking about getting |
| 1:21.0 | boosters but are not sure. What they've not really tackled is what about people who want to get |
| 1:25.8 | boosters and are having to wait for a long time to get them. |
| 1:29.6 | It's not that these doses are not available. |
| 1:31.6 | You can get appointments at CVS, Walgreens, wherever, but you may have to wait for two weeks. |
| 1:37.2 | The problem is that in those two weeks Omicron is going to hit big time. |
| 1:42.5 | We're already at a situation in New York, New Jersey where Omicron accounts for 13% of cases. |
... |
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